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High Pressure Laminate market increases at a CAGR of 6.7% by 2023

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High Pressure Laminate market increases at a CAGR of 6.7% by 2023

December 10
23:22 2018

High Pressure Laminate market | Research Cosmos
Asia Pacific region is the largest market for decorative laminates in 2018. The region increases its growth by the leading position in engineered wood products. The country continues to develop rapidly its manufacturing sector, including cabinets and furniture market, and to increase its capacity to produce particleboard more efficiently.

High-Pressure Laminate (HPL) Market Outline:

The most common material used in high pressure laminate is Kraft paper usually a paper or a cardboard that is known to be a strong material. The decorative film used in HPL is available in many patterns and designs ranging from wood grain to solid colors, chrome and decorative patterns. HPL is an extremely versatile material which is used in applications like vertical surfaces such as doors and windows. They are highly durable and maintenance free.

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High Pressure Laminate (HPL) Market Size:

High-Pressure laminate market was valued USD xx.xx Millions in 2018, and it is expected to reach XX.XX Million USD in 2023, it is expected to grow at a CAGR of 6.7% during the forecast period from 2018-2023.

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High-Pressure Laminate (HPL) Market Drivers and Restraints:

Demand for high pressure laminates is expected to rise at a steady state during the forecast period due to the rise in the utilization of cabinets and ready-to-assemble furniture and floorings. In the interior design industry, HPL is highly used due to its pattern, color, finishing, and texture. The designer can sort high pressure laminates as per the requirement, which helps to add basic interiors. Manufacturers of high pressure laminates are developing new products by innovation or by carrying required research and development activities may result the rise in market.

High-Pressure Laminate (HPL) Market Geographical Segmentation:

  • North America
  • Europe
  • China
  • Japan
  • Others

High-Pressure Laminate (HPL) Market Regional Report:

The Asia Pacific region is the largest market for decorative laminates in 2018. The region increases its growth by the leading position in engineered wood products. The country continues to develop rapidly its manufacturing sector, including cabinets and furniture market, and to increase its capacity to produce particleboard more efficiently.

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High-Pressure Laminate (HPL) Market Key Players:

Some of the Key players are Arclin Industries, Formica Group, Gentes Group, Kingboard Laminates, Timber product company, and Wood craft industries.

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